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The worry though is that you only need to be wrong once. These technologies are going to continue to advance and only grow in complexity.
Until you've got forks like DarkBERT or WormGPT cropping up. And this problem is only going to get worse overtime. All technology is ultimately dual use. Once that genie is out of the bottle, its very unlikely you'll be able to reverse course. AI already poses an existential risk.
This is an incredibly ignorant statement.
The whole point of regulation is to solve collective action problems, and set the rules by which the market operates. Even if we entirely ignore the creation of the Internet via government intervention, the speed of the rate of change in innovation is hardly the sole or even most desirable instrument to measure the efficacy of government regulation. I would agree barriers to entry are one type of problem. But there's a reason airlines don't compete on safety as a cost saving measure when you buy your ticket. Government regulation demands and tries to ensure that they all meet a standard of safety. Clothing companies don't sell two sets of pajamas, with one costing $10 that's flammable, and another that costs $30 but is safe to wear. Regulation says you can't sell flammable pajamas. This prevents corporations from shifting the risk onto the customer when they buy something, and forces business to innovate to maintain a specific quality standard.
Lack of regulation certainly has its upsides. And it'll as quickly drive you off a cliff as your technology advances.
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